ZSL/JDST pair is signaling a Long position at the close of yesterday, supported by multi indicators, suggesting a promising opportunity. ADX : Indicates no trend at present, and a quick look at the daily chart confirms it. Correlation : remains very high in the last few weeks. Close price : closed below lower BB. Historical test : I would be happier with more...
OHI/SBRA is showing a signal for a long position starting today, and all indicators support what appears to be a promising opportunity. ADX: Indicates no prevailing trend in the pair. Correlation: Remains high. Price: Positioned in the oversold area. I will monitor the market throughout the day and make a final decision on this trade by the day's end.
FANG/EOG is showing a signal for a Short position after the end of yesterday, and all indicators support what appears to be a promising opportunity. ADX: Indicates no prevailing trend in the pair. Correlation: Remains high. Price: Positioned in the overbought area.
VGK/EXG is showing a signal for a long position starting today, and all indicators support what appears to be a promising opportunity. ADX: Indicates no prevailing trend in the pair. Correlation: Remains high. Price: Positioned in the oversold area. I will monitor the market throughout the day and make a final decision on this trade by the day's end.
Market Context and Indicators (Closing of 23/4/24): Directional Movement Index (DMI): * DI+: 42.59 * DI-: 11.53 * ADX: 19.75 (indicating a weak trend) Stochastic Oscillator: * %K: 94.34 * %D: 98.11 (both in the overbought territory) Correlation: * MEDP & LSCC: 0.8852 (strong positive correlation) Trade Information: MEDP Position: * Position: Short *...